PSM Holdings, Inc. (PSMH) Historical Data

PSM Holdings, Inc. (PSMH) conducts its business operations through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) which began its mortgage operations in 1991.  PSMI quickly became one of the leading mortgage companies in the Southwest, attracting various mortgage operations all over the United States.

In early 2005, the company decided to develop a plan to attract savy business owners and increase its growth opportunities.  As a result of that growth plan, the company took its operation public in October of 2005.  This opportunity provided new business clout for current and future branch owners.

Public Company Status

After going public in October of 2005, PSMH became a full reporting company in August of 2009.  An application was completed in September of 2009 to the Bulletin Board and approval is expected in October 2009. 

What makes us different

PSMH is very attractive to many independent mortgage companies.  Our dramatic increase in revenues, along with our commitment to remain a debt-free company, allows us to attract the top mortgage brokers and bankers in the country. 

We provide a wide variety of services to our branch owners.  While offering the mortgage brokerage portion of our business, our branch owners are also able to take advantage of our mortgage banking division. This division is extremely appealing to most of our branches and potential branch owners due to the changing financial climate in our country. 

The many benefits we offer such as ownership in our company through our public division, support through our mortgage division (see table below for details), diversity in the products we can offer our clients through both our mortgage brokerage and banking divisions, makes our company highly desirable and creates a long-term commitment among our current branch owners.  Listed below are just a few of our corporate support services our branch owners are able to take advantage of:

We are able to be very selective in our application and approval process of new branch owners.  We evaluate potential branch companies in many different areas, beginning with the owner’s experience, the company’s volume, profitability, goals, and finally the potential branch and branch owner’s ability to fit into our current business model. 

Current Growth and Plans

PSMI is licensed in 17 states from Florida to California and has grown adding nine new branches since January of 2009, sixteen new branches since January of 2008, with an estimated 40 branches by the end of 2009.  It is important to note, that while we continue to grow our company in an aggressive manner, the branches that we bring into our network are of the highest quality and production in the country.   These new branches immediately add revenue to PSMI while requiring very little upfront training.

PSMH is currently in an aggressive merger and acquisition mode evaluating many different opportunities.  We are negotiating with several experienced companies that want to associate themselves with a mature and debt-free organization.

President Jeffrey R. Smith promised, “While experiencing this growth surge, PSMI holds firmly to its belief that Service and Relationships are the two most important issues when dealing with our customers.  PSMI intends to continue growing while building lasting relationships with our customers, realtors, builders, and investors.”